Commonwealth Equity Services LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,025 shares of the company’s stock after purchasing an additional 7,736 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CrowdStrike were worth $24,885,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Wealth Management Investment Advisory Inc. lifted its position in shares of CrowdStrike by 40.3% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 850 shares of the company’s stock worth $214,000 after acquiring an additional 244 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of CrowdStrike by 33.5% in the second quarter. Great West Life Assurance Co. Can now owns 163,245 shares of the company’s stock valued at $41,017,000 after purchasing an additional 40,979 shares in the last quarter. Baird Financial Group Inc. increased its holdings in CrowdStrike by 12.6% in the 2nd quarter. Baird Financial Group Inc. now owns 15,842 shares of the company’s stock valued at $3,982,000 after buying an additional 1,773 shares during the period. Berman Capital Advisors LLC raised its stake in shares of CrowdStrike by 17.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 3,479 shares of the company’s stock valued at $873,000 after buying an additional 511 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of CrowdStrike by 17.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,595,316 shares of the company’s stock valued at $400,919,000 after acquiring an additional 236,202 shares in the last quarter. Hedge funds and other institutional investors own 62.78% of the company’s stock.
A number of research analysts have commented on CRWD shares. BTIG Research raised their price target on shares of CrowdStrike from $302.00 to $313.00 and gave the stock a “buy” rating in a research note on Wednesday, September 1st. Barclays increased their price objective on CrowdStrike from $240.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, August 30th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $220.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, September 1st. Stifel Nicolaus raised their target price on CrowdStrike from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, September 1st. Finally, Royal Bank of Canada lifted their target price on CrowdStrike from $259.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, August 30th. Four investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has an average rating of “Buy” and a consensus price target of $290.15.
Shares of NASDAQ CRWD opened at $261.75 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $59.73 billion, a PE ratio of -315.36 and a beta of 1.23. The stock’s 50 day moving average price is $259.44 and its 200-day moving average price is $231.08. CrowdStrike Holdings, Inc. has a twelve month low of $118.10 and a twelve month high of $289.24.
CrowdStrike (NASDAQ:CRWD) last released its earnings results on Monday, August 30th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. CrowdStrike had a negative return on equity of 13.86% and a negative net margin of 16.34%. The company had revenue of $337.69 million for the quarter, compared to analysts’ expectations of $323.53 million. During the same period in the previous year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 69.7% compared to the same quarter last year. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post -0.53 EPS for the current fiscal year.
CrowdStrike Holdings, Inc is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments.
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